Binance Learn And Earn Quiz Answers-BNB, BUSD, SOL, HOOK, HFT Quiz Answers
By:C, FionaAre you looking for the latest Binance Learn and Earn Quiz Answers? You’ve come to the correct location!
Binance, the popular cryptocurrency exchange, is well-known for its willingness to try new things and expand its offerings. The Binance Bitcoin Button and the Binance Wodl games are just two of the exchange’s recent cryptocurrency-earning offerings. Learn and Earn, commonly known as Binance’s quiz product and dubbed “learn,” is among the oldest and most popular, delivering a wide variety of questions to Binance users in order to earn cryptocurrency.
On 30th January 2023 at 09:00 UTC , there will be quizzes (BNB, BUSD, SOL, HOOK, HFT ) in Binance learn & earn. All the information you need regarding the quizzes is here, including the correct answers.
The Binance Learn and Earn Quiz Answers – Beginner’s Guide have already been published in a single post. Check this too.
What is Binance Learn And Earn Quiz?
With the goal of helping its customers better understand cryptocurrencies and blockchain technologies, Binance created the Learn and Earn Program.
Users are encouraged to learn more about crypto by reading articles and watching tutorial videos. And then they’ll use that knowledge to earn cryptocurrency by taking tests.
These have time-sensitive rewards that decrease in value with time. Both of the introductory classes cost 50,000 SHIB and cost half a billion US dollars.
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How to Answer Binance Learn and Earn Quiz
If you want to join the Binance Learn and Earn program and earn some extra crypto, then you should do what we suggest below.
- If you want to learn more about earning and learning on Binance, visit their website.
- Examine the several crypto training options, including courses and tests, before deciding which ones to undertake.
- Choose the class, do as it says, and finish within the allotted time.
- If you do well on the test, you will be eligible for the cryptocurrency prizes immediately.
- You must go to Accounts > Rewards to claim your award.
Binance BNB, BUSD, SOL, HOOK, HFT Quiz Answers
1. What is the name of the BUSD-pegged token Binance offers on BNB chain and other chains?
Answer: Binance-peg BUSD
2. What is the total supply of BUSD?
Answer: Just over 22 billion
3. Which chain is BUSD minted on by Paxos?
Answer: Ethereum
4. Who regulates BUSD?
Answer: NYDFS (New York Department of Financial Services)
5. Who mints BUSD?
Answer: Paxos
6. What fiat currency is BUSD pegged to?
Answer: U.S. Dollar
7. BUSD is backed 1:1 with:
Answer: Cash reserves
8. How can you purchase BUSD or Binance-Peg BUSD?
Answer: All are correct
9. What can BUSD be used for?
Answer: All are correct
10. Which of the following descriptions is incorrect?
Answer: BUSD doesn’t provide a monthly basis attestation report.
Binance BNB Quiz Answers
1. BEP-2 BNB is the native coin of Ethereum. True or false?
Answer: False
2. What use cases does BNB have?
Answer: All are correct
3. Which token standards exist for BNB?
Answer: All are correct
4. Owning BNB provides you with a share of Binance’s profits.
Answer: False
5. Which token standards exist for BNB?
Answer: All are correct
6. BNB was originally issued as a:
Answer: ERC-20 token on Ethereum
7. What was BNB’s initial sale price during its distribution?
Answer: 1 ETH for 2700 BNB and 1 BTC for 20,000 BNB
8. BNB launched through an initial game offering (IGO) in 2017?
Answer: False
9. Total supply of BNB?
Answer: 200 million BNB
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Binance Solana Quiz Answers
Q1. Which of these is not one of the technical design features that allow Solana to process transactions at a higher rate?
Answer: Proof-of-work
Q2. As of September 2022, what is the energy impact of a single Solana transaction on average?
Answer: Less than a Google search (~500)
Q3. What can you use SOL for?
Answer: All are correct
Q4. What is the average Solana transaction fee?
Answer: $0.00025
Q5. What is Saga?
Answer: A crypto-friendly mobile phone that uses the Solana Mobile Stack
Q6. How quickly does it take the Solana Pay protocol to process a transaction globally?
Answer: A few seconds
Q7. Firedancer, a new Solana validator client being developed by Jump crypto, can process how many TPS in a test environment?
Answer: 1,200,000
Q8. Solana uses mining to secure its network.
Answer: False
Q9. As of December 2022, how many NFTs have been minted using Solana?
Answer: 22,700,000
Q10. Which of the following established companies support or have integrated Solana?
Answer: All are correct
Q11. As of December 2022, how many NFTs have been minted using Solana?
Answer: 22,700,000
Q12. Which of the following established companies support or have integrated Solana?
Answer: All are correct
Binance HOOK Quiz Answers
Q1. What is Hooked Protocol?
Answer: Web3 Gamified Social Learning Platform
Q2. What is the first pilot app of Hooked Protocol？
Answer: Wild Cash
Q3. What is the latest number of monthly active users of Wild Cash?
Answer: Over 3 Million
Q4. What network did Hooked Protocol first launch on?
Answer: BNB Chain
Q5. How many Hook will be in the circulating supply upon listing?
Answer: 10% of total supply
Q6. How does the Hooked token structure work?
Answer: There is an only utility token uHGT
Q7. Which one of the following is the HOOK token function?
Answer: All are correct
Q8. Hooked Protocol is building the on-ramp layer for massive Web3 adoption, providing tailored Learn & Earn products and onboarding infrastructures for users & businesses to enter the new world of web3. True or false?
Answer: True
Q9. Who are the target users that Hooked Protocol will provide services to fulfill the mission?
Answer: All are correct
Q10. What are the highlights of Hooked Protocol achieved so far?
Answer: All are correct
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Binance HFT Quiz Answers
Q1. Which exchange was the first to list the Hashflow token (HFT)?
Answer: Binance
Q2. How much does Hashflow charge in fees?
Answer: 0%
Q3. What makes Hashflow different from other DEXs?
Answer: Hashflow uses the RFQ model for market making.
Q4. What is HFT’s utility?
Answer: Governance and in-DAO Health & Rewards.
Q5. What is unique about trading on Hashflow?
Answer: All are correct
Q6. How does one start trading on Hashflow?
Answer: Connect your wallet.
Q7. What is The Hashverse?
Answer: Hashflow’s story-driven and gamified governance DAO.
Q8. What is Hashflow’s total volume?
Answer: $11 billion
Can I Participate in the “Learn & Earn” Rewards?
Only select Binance users are eligible for the “Learn and Earn” bonuses. Before new users may participate in “Learn & Earn,” identity verification must be completed.
In order to receive the prizes, all verified users must read the article, view the video(s), and score 100% on the quiz. Your eligibility for prizes is contingent upon your successful completion of the quiz.
Some campaigns on Binance have restricted access to only certain people. For further information, check out the dedicated activity page. All decisions regarding prize distribution will be made at Binance’s sole discretion.
If your account does not follow the Binance Terms of Service, you will not be eligible for the incentives. Users who are found to be engaging in wash trading, illegal mass account registration, self-dealing, or other forms of market manipulation may be disqualified.
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